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US stock futures erase advances as bank earnings loom

BLOOMBERG US equity futures struggled for direction as investors braced for inflation data and corporate results that could confirm fears about the health of the financial system. Contracts on the tech-heavy Nasdaq 100 flipped to a loss while those on the S&P 500 gave up early gains to trade flat. The yield on policy-sensitive two-year Treasuries slipped below 4%, backtracking ...

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Buffett ramps up Japan stock bets, weighs buying even more

BLOOMBERG Warren Buffett is turning his focus back to Japan, with the billionaire investor telling Nikkei that he’s mulling a boost to his stock investments in the country shortly after Berkshire Hathaway Inc kicked off a yen bond sale. Shares of Japan’s major trading houses jumped after Buffett said he has raised his holdings in them to 7.4% from about ...

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Bank of Korea to keep policy restrictive after standing pat

BLOOMBERG The Bank of Korea (BOK) kept its benchmark interest rate unchanged and said it intends to keep policy restrictive to combat inflation even with the economy set to slow more than previously expected this year. The central bank held its seven-day repurchase rate at 3.5%, as forecast by economists. Unlike in February, the latest decision was unanimous, an outcome ...

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